3 trades I'm making while the market internals scream danger

Don Kaufman here. 

Market's hitting records. S&P, Nasdaq - new highs everywhere you look.

Everyone's celebrating. I'm not.

Here's what nobody's talking about: the market internals are absolutely terrible right now.

I was just on Schwab TV earlier today breaking this down, and frankly, what I'm seeing under the hood should terrify anyone paying attention.

You've got Larry Ellison basically slobbering over his monitor watching his Oracle shares moon. 

Throw in some Broadcom, a little Nvidia action... and that's it. That's literally what's holding this entire rally together.

Meanwhile? 70+ stocks in the S&P 100 are actually DOWN today. The advance/decline line isn't just negative - it's decisively negative. Ticks are down.

This is a marketplace that's perfectly set up for a reversal.

Here's what I'm doing about it:

• Target (TGT) - Already down 34% this year, but I think it's just getting started. That 90 level has to hold or "it's kind of over in the near term." I'm playing the breakdown with a put spread that goes in-the-money very quickly.

• Eli Lilly (LLY) - Here's the contrarian play: Administration took shots at pharma advertising today and LLY didn't flinch. That's actually a bullish signal to me. Sometimes what doesn't kill you...

• Citigroup (C) - This one's up 40% year-to-date. On WHAT exactly? Weakening economic backdrop? Flattening yield curve? Fed cuts coming? The fundamentals make zero sense, which is why I'm taking a 72-day short position here.

Look, I get it. 

Fighting a trending market feels wrong. But when the internals are screaming one thing and price action is showing another, someone's about to get hurt.

And it's not going to be the people who understand what's really happening beneath the surface.

I laid out the complete trade setups, exact strike prices, and risk management strategies in today's appearance.

The window on some of these opportunities is narrower than most people think.

Watch the full breakdown here

Don't be the person handing your money to someone who saw this coming.

To your success,

Don Kaufman